Malaysia Morning News For November 15

Malaysia Morning News For November 15

Malaysia morning newsMalaysia, Indonesia to jointly counter EU discrimination against palm oil
Malaysia and Indonesia view the export restriction against palm oil into the European Union (EU) very seriously and are ready to take joint action to counter the discrimination which will otherwise jeopardise more than 18 million smallholders in both countries, says Malaysia’s Prime Minister Najib Tun Razak.
— Channel News Asia

Malaysia enforces transfer of work passes to new passport
Malaysian businesses employing expats are reminded of the strict enforcement of transferring work passes to new passport.
— Human Resources Online

Malaysia’s economy to grow 5pc next year
The Conference Board, a New York-based global, independent business research association, has projected that Malaysia would record a five per cent gross domestic product (GDP) growth in 2018, slightly lower than the 5.5 per cent growth in 2017.
— Malay Mail Online

Malaysia lowers Dec crude palm oil export tax to 6% — govt circular
Malaysia, the world’s second-largest palm oil producer after Indonesia, will lower its crude palm oil export tax to 6% in December, down from 6.5% in November, a government circular said on Tuesday.
— The Edge Markets

Malaysia to continue to pressure EU regarding palm oil restrictions: Minister
Safeguarding the palm oil industry in the face of European Union (EU) resistance will be high on the agenda when Malaysian Prime Minister Najib Razak meets Indonesian president Joko Widodo next week in Kuching, said Malaysian Minister for Plantation Industries and Commodities Mah Siew Keong.
— Channel News Asia

3.8 mln Malaysians have diabetes, 1.8 mln probably not aware they have it
Diabetes cases are on the rise in the country with 3.6 million Malaysians out of a population of 32 million suffering from the non-communicable disease (NCD).
— The Borneo Post

Najib: RCEP likely to be signed in Nov 2018
The Regional Comprehensive Economic Partnership (RCEP), which involves 16 countries, is expected to be signed in November 2018 during the Association of South-East Asian Nations (Asean) Summit and Related Summit in Singapore after two missed deadlines.
— Malay Mail Online

Malaysia’s $30 billion pension fund to allocate more money for foreign deals
Malaysia’s Retirement Fund Inc aims to lift the overseas portion of its investment portfolio to as much as 15 percent from 12, as the $30 billion pension fund looks to boost performance while domestic returns slow, its chief executive told Reuters.
— Reuters

Japanese business sentiment in Malaysia recovers for the first time in three years
Business sentiment of Japanese companies in Malaysia has recovered for the first time in three years and is likely to improve further into 2018, says the Japanese Chamber of Commerce of Malaysia (JACTIM).
— New Straits Times

MoneyMax to buy stakes in 13 pawn brokers in Malaysia for RM56.6m
Catalist-listed MoneyMax Financial Services said on Tuesday (Nov 14) its wholly owned subsidiary, Cash Online Sdn Bhd has entered into an agreement with CMS Top Holdings Sdn Bhd and four individuals to purchase interests in 13 pawn brokers in Malaysia for RM56.6 million (S$18.3 million) in cash.
— The Straits Times (paywall)

Tourism Malaysia to lure tourists to smaller towns
Small towns across the country will be promoted as new attractions for tourists from China.
— New Straits Times

No, property market won’t crash in 2018, say other experts
Real estate players, while agreeing the property market will continue to be sluggish, disagree with an expert who says it may crash.
— Free Malaysia Today

Malaysia Stock Market May Extend Losing Streak
The Malaysia stock market has moved lower in three consecutive trading days, sliding almost 15 points or 0.8 percent along the way. The Kuala Lumpur Composite Index now rests just beneath the 1,735-point plateau and it’s in line for further damage on Wednesday.
— Markets Insider

Maybank’s digital initiatives encouraging
Analysts have lauded Malayan Banking Bhd’s (Maybank) digital initiatives, which they opined will contribute positively to its earnings.
— The Sun Daily

Malaysia Leaning Toward Japanese P-3C Offer
The Malaysian government is leaning toward accepting a Japanese offer of supplying four used Lockheed Martin P-3C Orions, while the air force considers stop-gap measures for its longstanding maritime.
— Aviation Week

Expect lower catch and higher prices
Fishermen in several states have warned of a price increase for seafood as they brace for a considerably lower catch, mainly as a result of the adverse weather.
— The Star Online

Malaysia-born panda cub flies back to China
The cage containing giant panda Nuan Nuan is transferred at the Kuala Lumpur International Airport, in Malaysia, Nov. 14, 2017. Nuan Nuan, the first Malaysian-born female giant panda cub, took a flight on Tuesday at the Kuala Lumpur International Airport to head back to southwest China’s Sichuan Province, wrapping up her more than two years’ stay in a foreign country. (Xinhua/Chong Voon Chung)
— Xinhua Net

Malaysia’s happiness comes from government efforts – PM’s Dept
The government’s efforts in enhancing social support, per-capita income and freedom of choice are the basis for Malaysia to be ranked third in Asean in the “World Happiness Report 2017”.
— New Straits Times

Questions raised about local participation as Malaysia issues new MRT tender
A tender for the third phase of Malaysia’s MRT system has surprised industry analysts, with the government asking bidders to provide 90 per cent upfront financing for the over RM30 billion (S$9.7 billion) project. The government also want bidders to have handled urban projects costing RM10 billion in the past decade.
— The Straits Times

5 hidden gems in Malaysia
Malaysia has become the centre of attention for leisure seekers internationally, and that’s great for locals who are looking for a refreshing holiday in their personal lives, or just a relaxing break to their professional careers.
— The Star Online

 

Feature photo Bernard Spragg. NZ
Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).

Malaysia morning news by AEC News Today is your one stop source for Malaysia news on matters of governance and policies affecting Asean business communities. It is published M-F by AEC News Today: Governance, not government; policies not politics.

 

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